Let me just present some facts regarding the central bank rate hikes. I understand that the ECB faces more pass-through from higher energy prices to core inflation. It is my belief that euro-zone crisis could still blow up this spring, whether ECB is willing to continue offering a free put on Greek, Irish and Portuguese bonds. In addition, Japan’s catastrophe – the uncertainty surrounding the world’s second largest economy about nuclear contamination is another fact to go slowly. I think radioactivity spread curtail production at least for some time, a major slow down of the Japanese economy would have to be expected, with repercussions also for world growth. April rise now looks like it would be mistake. This is not the time to follow the rigid interest rate rules.
To: The Hon’ble Dr. Justice A.S. Anand, Former Chief Justice of India & Empowered Committee Chairman From: Athinarayanan Sanjeevraja Date: Wednesday, July 25, 2012 RE: Thank you and the members of Empowered Committee and the five judge constitution Bench of Supreme Court Judges. My lord, please accept my heartfelt thank you and the members of Empowered Committee and the five judge constitution bench of Supreme Court Judges on behalf of myself and all of the people in Tamilnadu for saving lakhs of farmers in the southern districts of Tamilnadu and the fine report you made. I wish you continued success in what you are doing my lord. The completion of the remaining judgement on Mullaperiyar will require Dharma. Every judgement should apply Dharma. Dharma should not be destroyed in any of our judgement. My lord, As you knew that “ according to lease agreement indenture granted full right, power and liberty to the Tamilnadu to construct make...
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